Qatar SWF to buy shares of country’s banks

From Thaindian.com: Qatar’s sovereign wealth fund would buy up to 20 percent of Qatari banks’ shares.Khalid Bin Rashid Al Khater, director of the Economic Policies Department at Qatar Central Bank (QCB), said that the Qatar Investment Authority (QIA) was buying up to 20 percent shares of Qatari banks to support the banks’ capitals and improve their financial situation.

In a statement to state-run Qatar News Agency (QNA), Al Khater said that the QIA decision was in line with global trends in increasing the role of the state in the national economy and based on International Convergence of Capital Measurement and Capital Standards or Basel II measures….. Full Article: Source